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Dec 18, 2013 at 11:54 AM

Implication of pervious year not closing in FI - AA


Hello all,

Could anyone can explain in detail what are the implications if 2012 is not closed in FI-AA. Following is the case.

1.Some assets were held for sale in 2012 but was not sold.

2. Depreciation for those assets did not run for 4 months as they were marked Asset shutdown.

3. Now when i am trying to close 2012, it is saying that there are some assets which depreciation was not posted in 2012 . Thats why its not possible to close.

Kindly advice